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Illustration 30 - Derivatives
AFM
answered on 10-Oct-24 10:15
The P600 has a different solution (in the similar way of ICAI Study material) and not the method solved in this video. Which method to follow sir? It seems that the study material method will give the total expected payoff whereas this one gives only the value of option. (The difference between $757 & $667 is close to the value of option derived as per the video)
latest answer
yes
Vigneshwar M
CA Final
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661
lease payment paid at the beginning of the year
Financial Reporting
answered on 09-Oct-24 16:37
sir in sum 31 we consider 500000 for calculation of lease liability(payment made at the beginning of the year) but in in sum 32 we don't consider 200000 (beginning of the year) WHY????
latest answer
At beginning and before commencement is different.
Suman Hs
CA Final
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242
lease liability schedule
Financial Reporting
answered on 10-Oct-24 11:18
sir why we use year 1 instead of year 0
latest answer
Payment made in advance.
Suman Hs
CA Final
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206
Professional Ethics Sec 7 of Ca act
Auditing
answered on 11-Oct-24 08:51
Ca in practise cannot use any Designation and Description also Know . Can somebody please explain the Text in attachment
latest answer
But if there is not MOU, and u are a member of any other accounting body, u will be prohibited from using the same .
M Naresh
CA Final
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595
Ind AS 21
Financial Reporting
answered on 10-Oct-24 11:05
On 31-3-20X2 -Why revaluation gain and DTL is recognised eventhough question states clearly mentioned fair value remain unchanged? & if you suggest this is bcz of forex rates changes, then is it revaluation of assets linked with forex rates?
latest answer
The value has changed when you compare in INR. So revaluation gain. This is because the entity follows the revaluation model. So you would take the USD fair value on date of reporting and multiply it with the exchange rate.
Mahantesh Biradar
CA Final
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Prospects and allotment of securities
Corporate & Other Laws
answered on 09-Oct-24 11:49
Could someone kindly explain this sentence to me?
latest answer
Please read carefully - they have missed a comma - A company other than<, >a listed company whose shares are listed on a stock exchange it is to be read as "A company other than" + " a listed company whose shares are listed on a stock exchange"
Sai Ganesh
CA Final
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4
591
Note about growth rate
AFM
answered on 09-Oct-24 10:19
In this illustration in note the growth rate has been asked to assume stable. But in 2nd part we are calculating growth, how should I interpret this note sir.
latest answer
Part 2 talks of stable g considering revised dividend pay out ratio part 1 considers org div pay out ratio
priyadharshini priya
CA Final
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261
As19 Illustration 1
Accountancy
answered on 10-Oct-24 11:04
Question: X Ltd. sold JCB Machine having WDV of Rs.20 Lakhs to Y Ltd. for Rs.24 Lakhs and the same JCB was leased back of Y Ltd to X Ltd. The lease is operating lease. Comment according to relevant Accounting Standard if (v) Fair value is Rs. 18 Lakhs and sale price is Rs. 19 Lakhs Solution: (v) When fair value is Rs.18 lakhs & sale price is Rs. 19 lakhs, then the loss of Rs.2 lakhs (20-18) to be immediately recognized by A Ltd. in its books and profit of Rs.1 lakhs (19-18) should be amortized/ deferred over lease period. My doubt: shall we have to recognize the loss of 2 lakhs as impairment loss in the books of A ltd. ?
latest answer
it depends on different scenario. if sale price is higher than fair value, excess is ignored. if sale price is less than or equal to fair value - then sale price.
Nagachaitanya Nomula
CA Final
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314
PVAF
Financial Reporting
answered on 09-Oct-24 11:11
Here, we have taken pvaf as 6.8017 but why not 7.8017, wont we add Rs 200000 paid at the beginning, i.e year 0 whose pvaf is 1 so we simply added 1 to pvaf of 9 years
latest answer
first lease is paid before commencement. SO it is not a part of lease liability. for calculation of lease liabiliy, we take present value of unpaid leases only. Any lease payments done before the commencement date is not considered.
Hrishikesh Pradhan
Qualified CA
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ETHICS
CFA
answered on 09-Oct-24 11:28
Which of the following most accurately states a limitation that the Fair Dealing standard imposes? A) Clients should not be discriminated against when disseminating investment recommendations. Correct Answer B) Before trading on her own portfolio, a CFA charterholder must wait for employer and client deals to be executed. Incorrect Answer C) Referral fees may be disclosed after proceeding with an agreement for service. pls explain i didt understand the question
latest answer
The question has to be understood as What does CFA institute want you to do? What is it forcing you to do? what is the minimum requirement it is putting on you
Dhakshana Dhakshana
CFA L2
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647